Commit To Buy Xoom Corp At $20, Earn 15.8% Annualized Using Options
July 11, 2014 at 12:23 PM EDT
Investors considering a purchase of Xoom Corp (XOOM) shares, but tentative about paying the going market price of $24.28/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2015 put at the $20 strike, which has a bid at the time of this writing of $1.65..